Versor Investments LP Purchases Shares of 47,000 The GEO Group, Inc. (NYSE:GEO)

Versor Investments LP acquired a new stake in The GEO Group, Inc. (NYSE:GEO) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 47,000 shares of the real estate investment trust’s stock, valued at approximately $604,000.

Several other large investors also recently modified their holdings of the stock. Sound Income Strategies LLC grew its stake in The GEO Group by 472.1% in the 3rd quarter. Sound Income Strategies LLC now owns 3,181 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 2,625 shares during the last quarter. GAMMA Investing LLC grew its position in shares of The GEO Group by 38.5% in the third quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust’s stock valued at $88,000 after purchasing an additional 1,910 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of The GEO Group by 62.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 6,245 shares of the real estate investment trust’s stock worth $90,000 after purchasing an additional 2,393 shares during the period. nVerses Capital LLC acquired a new stake in The GEO Group during the 3rd quarter worth approximately $121,000. Finally, Innealta Capital LLC acquired a new stake in The GEO Group during the 2nd quarter worth approximately $140,000. 76.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on GEO shares. Northland Securities increased their price objective on The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. StockNews.com cut The GEO Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Noble Financial cut The GEO Group from an “outperform” rating to a “market perform” rating in a report on Monday. Finally, Wedbush upped their target price on The GEO Group from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, November 8th.

The GEO Group Price Performance

The GEO Group stock opened at $25.47 on Thursday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.26 and a current ratio of 1.10. The GEO Group, Inc. has a 52 week low of $9.34 and a 52 week high of $27.88. The stock has a market capitalization of $3.56 billion, a P/E ratio of 87.83, a price-to-earnings-growth ratio of 3.03 and a beta of 0.63. The stock has a fifty day moving average of $15.19 and a 200-day moving average of $14.46.

The GEO Group Profile

The GEO Group, Inc (NYSE: GEO) engages in ownership, leasing, and management of secure facilities, processing centers, and community-based reentry facilities in the United States, Australia, the United Kingdom, and South Africa. The company also provides secure facility management services, including the provision of security, administrative, rehabilitation, education, and food services; reentry services, such as temporary housing, programming, employment assistance, and other services; electronic monitoring and supervision services; and transportation services; as well as designs, constructs, and finances new facilities through projects.